Moneris Solutions and UnionPay have inked a deal enabling Moneris merchants to offer UnionPay card acceptance to UnionPay cardholders in Canada for traveling, study, living and business.
By the end of last year, Moneris enabled UnionPay card acceptance at thousands of merchant locations in Toronto, Vancouver, Montreal and other major Canadian cities, covering mainly retail, tourism, entertainment and other industries supported by Chinese tourists and local residents. In the future, UnionPay International will enhance its partnership with Moneris to include online payment and contactless payment acceptance.
According to public data, Canada is a destination favored by Chinese people with more than 500,000 Chinese visited the country for travel, family visit or business last year. Meanwhile, China has become the largest source country for foreign students studying in Canada, with around 100,000 Chinese students studying or living in the country.
Currently, UnionPay cards can be used to withdraw cash in 85% of ATMs and make purchases at nearly 20,000 merchants in Canada, including airport duty free shops in Vancouver and Toronto as well as jewelry stores, gift shops, souvenir shops, local specialty shops and other places frequently visited by tourists. In addition, UnionPay cards are also accepted in chain department stores including Holt Renfrew and Harry Rosen, and 80% of high-end brand stores at the shopping districts in downtown Vancouver.
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